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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2500 Nn Ave Grand Junction, CO 81501-6411

    • Hotels
    • 3,488 SF
    • 0.37 lot acres
    OFF-MARKET
    Value Estimations
    $195,000
    Show details
    Cap Rate Potential
    5.8%
    Hotels
    Location Intelligence
    Property ID
    US13-2819685
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Shelter Insurance - Charles Wallis / Home Insurance Agency / Insurance Company
    • Sebastian's / Hair Salon / Barber Shop
    • Jim's Optical Services / Optician
    • acupuncture grand junction co / Medical Clinic
    • Femme Fatale Esthetics / Beauty Salon

    Property Details for 2500 Nn Ave

    Year built
    1967
    Construction
    WOOD
    Lot size
    0.37 lot acres
    Property size
    3,488 SF
    Zone code
    C-1
    Property type
    Hotels
    APN
    2945-124-00-033
    APU
    294512400033

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $205,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $200,000
      6.5%
      $185,000
      7%
      $170,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $190,000
      Market price range: $78.7k - $211k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Grand Junction
    County
    Mesa
    State
    Colorado
    Longitude
    -108.536
    Latitude
    39.0777
    CBSA code
    24300
    CBSA name
    GRAND JUNCTION, CO METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $6,806
    $56,090
    $40,170
    $96,260
    -
    $201,030
    $143,980
    $345,010

    Comparable in this City

    • Value Estimation
      $1,900,000
      5,000 SF

      403 Main St

      HOTEL • 5,000 SF
      403 Main St, Grand Junction, CO 81501
      View Details
    • Value Estimation
      $235,000
      5,000 SF

      640 White Ave

      HOTEL • 5,000 SF
      640 White Ave, Grand Junction, CO 81501-2759
      View Details
    • Value Estimation
      $265,000
      9,440 SF

      1141 25th St

      HOTEL • 9,440 SF
      1141 25th St, Grand Junction, CO 81501-6577
      View Details
    • Value Estimation
      $195,000
      3,288 SF

      141 3rd St

      HOTEL/MOTEL • 3,288 SF
      141 3rd St, Grand Junction, CO 81501-2436
      View Details
    • Value Estimation
      $270,000
      4,848 SF

      832 7th St

      HOTEL • 4,848 SF
      832 7th St, Grand Junction, CO 81501-7739
      View Details
    • Value Estimation
      $935,000
      50,154 SF

      205 Main St

      HOTEL/MOTEL • 50,154 SF
      205 Main St, Grand Junction, CO 81501-7803
      View Details

    Similar Nearby for Sale

    • $1,450,000
      2,250 SF

      Grand Junction Restaurant Sale

      Turnkey Restaurant, Real Estate Included
      626 Rood Ave, Grand Junction, CO 81501
      View Details
    • Contact for pricing
      2.60 Acres

      Grand Junction Commercial Land

      2.6-Acre Retail Site: Sale or Lease
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      View Details
    • $485,000
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      Grand Junction Commercial Parcel For Sale

      Commercial land parcel in high-traffic area, Grand Junction, Colorado.
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      View Details
    • $435,000
      0.43 Acres

      Downtown Grand Junction Land Opportunity

      Six platted lots near Main Street with development plans.
      818 Colorado Ave, Grand Junction, CO 81501
      View Details
    • $319,000
      1,450 SF

      Retail and Warehouse Space

      Retail and warehouse space with overhead door near college.
      752 North Ave, Grand Junction, CO 81501
      View Details
    • $140,000
      0.18 Acres

      Grand Junction Duplex Lots

      Two residential lots in Grand Junction, Colorado, ready for development.
      1890 Wellington Ave, Grand Junction, CO 81501
      View Details

    Similar Nearby for Lease

    • $4,000 /Mo
      2,299 SF

      2,299 SF Commercial Building For Lease

      2,299 SF Commercial Building For Lease
      2478 Patterson Road, Grand Junction, CO 81501
      View Details
    • $8 SF/Yr
      31,296 SF

      I-70 Business Loop Retail Center

      Multi-tenant retail/office space, 5 units available
      2872 I-70Bl, Grand Junction, CO 81501
      View Details
    • $12 SF/Yr
      22,116 SF

      Retail Building with Parking

      Retail building near CMU campus with ample parking.
      1834-1838 N 12Th St, Grand Junction, CO 81501
      View Details
    • $795 /Mo
      9,510 SF

      Class A Executive Office Space

      All-inclusive Class A executive office space at The Vault.
      2755 North Ave, Grand Junction, CO 81501
      View Details
    • $550 /Mo
      929 SF

      Remodeled Retail Space For Lease

      Bright, remodeled 143 sq. ft. space in upscale suite.
      359 B Rd, Grand Junction, CO 81501
      View Details
    • $17,800 /Mo
      34,623 SF

      Downtown Office Space with Views

      Modern office space available in downtown Grand Junction.
      734 Main St Unit, Grand Junction, CO 81501
      View Details
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    2500 Nn Ave
    Grand Junction, CO 81501-6411
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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